Post
Topic
Board Bitcoin Discussion
Re: What Caused the Boom in Bitcoin
by
Abigail.Parsons
on 09/05/2018, 07:56:18 UTC
I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.

I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.

This years boom I think was down to the narrative that institutional investors were coming in, namely the CME and CBOE futures. I think people wanted to front run their entrance. Will be nice to see what triggers the next one